“The Woodmere Club for several years, like many golf clubs across the country, has experienced a shrinking membership,” John Wiener, the club’s president, said in a prepared release. “This sale is our solution to sustain the club in its current form without sacrificing service and amenities through 2022.”

Troon, a global golf course management, development and marketing company, will operate the club for the next five years. The first 30 members to join under a new program will pay $11,500 in annual dues. That includes access to all club facilities for the primary member. A spouse and dependents could be added for $1,000.

“We’re thrilled to have Troon Privé manage the Woodmere Club,” Efrem Gerszberg of 2020 Acquisitions said in an article for The GolfBiz, a golf business website. “They are the best in the private club industry, and will operate Woodmere as a Class A private club. Our new membership program is meant to breathe new life into this historic club.”

After the club’s debt is paid, it is expected to close and Weiss Properties and 2020 Acquisitions will most likely build housing on the site. That spurred residents in the area to begin an online petition opposing the possible over-development.

Community members also caught the ear of their local elected officials and the Town of Hempstead imposed a six-month building moratorium in November on residential development on privately-owned golf course properties. The ban could be extended another six months.

The next town meeting is on May 9 at Town Hall at 1 Washington Street in Hempstead.